Policymakers Rush to Slam Brakes on Private Investment Slowdown

(Beijing) –A slowdown in private investment in China, fueling fears that the country's growth could be weaker in the coming months, has policymakers scurrying to find solutions.

At a June 22 meeting chaired by Premier Li Keqiang, the State Council promised to further open up areas such as telecommunications, airports and oil and gas exploration, which are dominated by state-backed companies, to private players. They also promised to improve access to financing for private businesses and create a more level playing field.